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Flossmoor

Learn about the people, housing, costs and businesses in Flossmoor, Illinois

Median Home$259,987
Median Rent$1,943/month
Population9,624
Leading IndustriesFinance & Insurance · Arts, Food & Hospitality · Public Administration9% finance & insurance
Home Value Growth+8.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners90% of occupied units
NotableHigh Incomes$120k/year · top 9% nationally
NotableHighly Educated29% bachelor's · 19% graduate · top 10% nationally
Flossmoor
IL

Frequently Asked Questions

What are today's mortgage rates in Flossmoor?

As of today, the 30-year fixed mortgage rate for Flossmoor is approximately 7.062% (7.072% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Flossmoor?

The median home value in Flossmoor is $260k. The median monthly rent is $1,943. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Flossmoor?

Home values in Flossmoor have increased 8.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Flossmoor?

Based on a typical all-in ownership cost of $1,788/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Flossmoor is $120k/year.

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What industries drive the economy in Flossmoor?

The largest employment sectors in Flossmoor are public administration (31%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.